BITCOIN Cash (BCH) Update: Can you see the FRACTALS?
A fractal pattern has strong similarity to a prior pattern. They are never exactly identical but as nature moves per fibonacci sequences, fractals occur. Take a look at the two white boxes. I see fractals. The smaller, first fractal resulted in a price explosion up. If the fractals are relational, the second is expected to do the same.
NOTE: Bullish calls could be dampened by the potential Bitcoin Bear.
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BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Thank you @haejin! Very much appreciated, eye's glued to the charts! :)
I wouldn't stay glued to charts. That's emotional distress. There is no happiness to be found in doing that. Have a strategy, raise dry powder, take profits and await buying low opportunity.
Thank you @haejin, working with smaller budgets at the moment, thus if BCH shoots up, it will give me more buying power, I just hope it does as it could be the turning point most newbies want, a chance to spread my portfolio and some dry powder as you say to buy in at the lows.
BCH percentage handled this messy morning better than BTC. Thanks for posting this. I've moved most of my holding into BCH for the time being, and well, this would be most excellent!
and I know you don't like to give targets, but if this pattern is correct and it's impulsive. How much higher can we expect it to go? I remember the last time it was quite radical.
I have a range of $5,175 to $5,400. However, the ladder sell rungs of my last 1/3 of BTC goes as high as $6,200. But, remember, that I've taken most of my profits as posted in past blogs. Also, now is NOt the time to be taking BUYING actions but PROFIT SELL actions.
I was thinking the same, but dreaded asking the question, glad you plucked up the courage to ask! ;)
I have moved of my holdings to USD cash as dry powder to buy at bottom of coming Wave IV correction. Over the past week or so, I've sold into the rising prices almost all of my Bitcoins and 1/3 of my Altcoins. This is selling into strength so I can buy into weakness later.
I have a small speculative BCH holding for the potential of its inverse relationship to BTC.
So what does this mean?
The smaller, first fractal resulted in a price explosion up. If the fractals are relational, the second is expected to do the same.
okay great thank you
would be very happy if it explodes :)
I have small position in BCH which I'll perhaps add to. I've blogged that there is a possibility of an inverse non-phasic relationship of BCH to BTC.